Bruno and Steph Each Operate Petrol Stations Along the Great

question 16

Multiple Choice

Bruno and Steph each operate petrol stations along the Great Ocean Road in Victoria.They are the only petrol stations for hundreds of miles along the road.Which of the following agreements between them is most likely to substantially lessen competition?

• A)An agreement to pool some money together to erect barriers along a particularly dangerous stretch of the road.
• B)An agreement to buy coffee from the same supplier.
• C)An agreement to sell motor oil at the same price.
• D)An agreement to sell the same brand of muffins from their convenience stores.

---

Definitions:

Medicare

A federal health insurance program in the United States primarily for people aged 65 and older, as well as for some younger individuals with disabilities.

Unemployment Taxes

Taxes imposed on employers based on the employment and wages of employees, used to fund unemployment insurance benefits.

FICA Tax

Federal Insurance Contributions Act tax, which is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.

FUTA Tax

Federal Unemployment Tax Act tax, which is a payroll or employer tax paid to fund state workforce agencies.